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96-5037 Advis Auth Belmont Plazclls' UN Sa11n1 (Published in the Salina Journal July ab , 1996) RESOLUTION NUMBER 96-5037 A RESOLUTION OF FINDING AS TO THE ADVISABILITY AND A RESOLUTION AUTHORIZING CONSTRUCTION PURSUANT TO K.S.A. 12-601 et seg. OF AN IMPROVEMENT CONSISTING OF CERTAIN CURBING, GUTTERING, PAVING, GRADING, SANITARY SEWER, WATER MAIN AND STORM DRAINAGE IMPROVEMENTS IN BELMONT PLAZA ADDITION OF THE CITY OF SALINA, KANSAS. Pursuant to findings of advisability made by the Governing Body of the City of Salina, Kansas. WHEREAS, a petition was filed with the City Clerk on the 1st day of July, 1996, under and pursuant to K.S.A. 12-6a01 et seg. to make certain curbing, guttering, paving, grading, sanitary sewer, water main and storm drainage improvements in the Belmont Plaza Addition. NOW, THEREFORE, be it resolved by the Governing Body of the City of Salina, Kansas, that the following findings as to the advisability of making certain curbing, guttering, paving, grading, sanitary sewer, water main and storm drainage improvements in Belmont Plaza Addition of the City of Salina, Kansas, are hereby made, to wit: Section 1. That it is necessary and in the public interest to make an improvement consisting of: BELMONT PLAZA ADDITION Curbing, guttering, paving, grading and drainage: of Planet Avenue (frontage road) from the south line of Lot 3, Block 3, to the north line of Lot 1, Block 3; and of Belmont Boulevard from the west right-of-way line of South Ninth Street to the west right-of-way line of Planet Avenue, The installation of sanitary sewer main, The installation of water main, The installation of a stormwater detention basin and associated pump station and pipelines, to serve Lots 1 and 2, Block 1; Lot 1, Block 2; and Lots 1, 2 and 3, Block 3 all in Belmont Plaza Addition. Section 2. That the estimated and probable cost of such improvement is $312,262.00. Section 3. That the Governing Body hereby further finds and finally determines that the boundaries of the improvement district against a portion of the costs of said improvement shall be assessed are hereby established and fixed as the following legal description: Lots 1 and 2, Block 1; Lot 1, Block 2; Lots 1, 2 and 3, all in Belmont Plaza Addition to the City of Salina. Section 4. The method of assessment shall be that 100% of the total cost assessed against the property shall be based on the square footage of each lot of land without regard to buildings or improvements of the land. Section 5. The proposed apportionment of cost between the improvement district and the city -at -large is: 1. The costs assessed against the improvement district shall be: 95% of the estimated total cost of street and drainage improvements, including grading, pavement, curb and gutters, storm pipelines, storm inlets, stormwater detention basin, pump station, pipelines and any incidentals thereto to complete the street and drainage systems; and 100% of the total cost of water mains, fittings, hydrants, water services, valves, and any incidentals thereto to complete the water system. CoIWWm 11a Salina 100% of the total cost of sanitary sewer pipeline, manholes, service connections and any incidentals thereto to complete the sanitary sewer system. 2. The costs assessed against the city -at -large shall be 5% of the estimated total cost of street and drainage improvements particularly related to the cost of removal of the existing frontage road which is being relocated by virtue of this project. Section 6. That the advisability of the improvements set forth above is hereby established as authorized by K.S.A. 12-6a01 et seg. Section 7. Be it further resolved that the above described improvement is hereby authorized and declared to be necessary in accordance with the findings of the Governing Body as set out in this resolution. Section 8. The assessment with accrued interest shall be levied as a special tax upon the property included within the benefit district concurrent with the general property taxes and shall be payable in ten (10) equal annual installments. Section 9. That the City Engineer be and is hereby directed and ordered to prepare plans and specifications, and estimates of the cost of said improvements. Section 10. That for the purpose of providing funds to pay the cost of such improvements until bonds can be issued therefore, the Mayor and City Clerk be and they are hereby authorized to execute temporary notes for the City of Salina, Kansas, as provided by K.S.A. 10-123 and 12-6a04, not to exceed the aggregate provided by law. Such temporary notes may be issued by Resolution from time to time as required during the progress of the work on the improvements herein recited. Such temporary notes shall be in the form and executed as provided by law. Section 11. That the City Clerk is hereby authorized and directed to make progress payments to the contractors for materials furnished and for labor performed under the contract when estimates therefore are presented to him which have been properly certified by the City Engineer, so long as the aggregate payments do not exceed the total contract price. Section 12. That the City expects to incur capital expenditures on and after the date of adoption of this Resolution (the "Expenditures") in connection with such improvements, and intends to reimburse itself for such Expenditures with the proceeds of said bonds or temporary notes in an amount which, depending on the date of issuance of said bonds or temporary notes, may aggregate a maximum of $312,262.00, the anticipated cost of such improvements. The Board of Commissioners has determined that the funds to be advanced to pay Expenditures are or will be available only for a temporary period and it is necessary to reimburse the City with the proceeds of a borrowing for Expenditures made on and after the date hereof. As of the date hereof, there are no funds from sources other than said bonds or temporary notes that are, or are reasonably expected to be, reserved, allocated on a long-term basis, or otherwise set aside by the City to pay the Expenditures. This Resolution constitutes a declaration of official intent under Treasury Regulation Section 1.103-18 issued under the Internal Revenue Code of 1986, as amended, and the adoption of this Resolution is consistent with the budgetary and financial circumstances of the City. Section 13. This resolution shall take effect after its passage and publication once in the official city newspaper. Adopted and passed this 22nd day of July, 1996. {SEAL} ATTEST: D� ` �ud D. ng, CMC City Clerk :e�y?Max`well, Mayor